Good morning im Claudine Wong and thank you for watching waking up with us nice to have you join us and we get right what top stories this morning because is and call for elected leaders to protect the people who are most vulnerable against coronavirus data shows more than 5000 confirmed cases Skilled Nursing facilities across california, 3100 residents and 2100 Staff Members and at least 500 deaths eveso we can stillg a answer your calls. Now. And we are monitoring our system 24 7 are linked to Nursing Homes within the state. Nationwide numbers show more to ensure that we have a fast reliable network, than 10,000 people connected to Nursing Homes have died, thats keep the customers connected, and making sure people are staying safe. About one widespread testing and were still on the road. Solving Critical Issues as they arise. Go to xfinity. Com prepare. Thank you. For people on the streets and in shelters. Welcome back a cities in the Health Department is looking into one of the cali
Enforce coronavirus lockdown measures. Also ahead the special precautions this already isolated up to community is taking to protect itself from the pandemic. And as for one of the premier leagues main broadcast partners wants to block the saudi led takeover of Newcastle United councils been score says the saudi government allows an illegal channel to steal games and thats threatening the leagues financial future. Ok lets get going irans revolutionary guard says the country is now able to quote monitor the world from space after successfully launching its 1st military satellite into orbit the u. S. Has accused iran in the past of using its Space Program as a cover for Missile Development allegations iran denies President Donald Trump in washington while not addressing the launch directly did tweet a warning about iran harris saying american ships at sea heres what the head of the revolutionary guard said about the launch. Well connected. It is a necessity for such powerful Defense Forc
Because there is some, not a lot but some cautious optimism starting to trickle out around both the markets because they ended their day and they ended their week higher as well. Perhaps some hope on the horizon about america getting healthy and getting working again. But tim seymour with 22 million filing for jobless benefits in just the last three weeks wiping out a decade of job gains, no doubt some very hard Economic Times for millions of people still to come. Is there really any good reason for markets to be rising like they have been i think its a liquidity squeeze. Its been a skepticism trade that has squeezed markets higher it has been a combination of the Federal Reserve expanding its Balance Sheet to 6. 1 trillion. Its been all of this well ahead of the recession frankly its been a dynamic where i think the positioning of markets allowed markets to push on higher it doesnt change from where we are but obviously we started all this on covid19 as weve gotten more clarity on cov
President s chief economic adviser larry kudlow. Hes going to join us. Thats the question we will ask, when, where and how will some americans be able to get back to work. Now, check out the market. It reopens today after a threeday weekend. Last week was one of the best weeks in decades, with the dow rising 12 . No significant pullback this morning. We are down just maybe 70 odd points for the dow industrials and well above 23,500. How about that. The s p down about. 33 and the nasdaq, same thing, down about. 33 . That is not a significant pullback. Not helping the stock market is a forecast from jpmorgan. They suggest that gdp could fall 40 this quarter and unemployment could reach 20 . Now, that is a dire prediction. Check out the price of oil. The u. S. , russia, saudi arabia and other Oil Producers have announced an agreement that would take 9. 7 Million Barrels of oil a day off the world market. However, that has had very little impact. It may put a floor under the price of oil b
I think they injected some 14 billion of over the last 24 hours. Don of tom china without question are acting. I agree with you, oil is critical. Really pricing. I took saudi light in the now,nal price we are at 19. 79 1979 is are you go back to to get under 20 a barrel. I have said this last four or five days. The decline in the last in the u. S. To year yield screams lower for longer. Francine we will have a look at that, quite extensively. We will also talk about emerging markets. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with a report on the impact of the coronavirus on the oil market. Global demand for oil will plunge this year by a record 9 , according to the International Energy agency. The slump will thwart efforts by the opecplus coalition to contain the glut of crude. April will be the hardest hit month. Fuel use will shrink by almost a third. Now to president donald trump. He is temporarily halting payments to the World Health Organi